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Neutral InterGlobe Aviation Ltd For Target Rs.4,130 By Motilal Oswal Financial Services Ltd Net loss led by seasonality but guidance remains intact * INDIGO reported a 26% YoY decline in EBITDA to INR16.2b in 2QFY25 and a net loss of INR9.9b (vs. our est. net loss of INR6.8b). Revenue passenger kilometers (RPK) stood at 31.6b. Passenger load factor (PLF) was 82.7% with available seat kilometers (ASK) of 38.2b (est. of 27.2b) and yield of INR4.55 (vs. est. of INR4.51, +2% YoY) in 2Q. * Currently, over 60 aircraft of the company are grounded due to P&W engine issue...
Neutral InterGlobe Aviation Ltd For Target Rs.4,130 By Motilal Oswal Financial Services Ltd
Neutral InterGlobe Aviation Ltd For Target Rs.4,130 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-11-10 09:55:09 am
Neutral InterGlobe Aviation Ltd For Target Rs. 4970 By Motilal Oswal Financial Services Ltd Optimistic business outlook… Driven by both domestic market and global expansion * InterGlobe Aviation (IndiGo) has expanded its domestic network to 88 destinations and added new international routes, including 7 new destinations, while navigating fuel price volatility and economic risks. With an order for nearly 985 aircraft, including that of Airbus A350-900s, the airline aims to enhance efficiency and meet the rising demand by CY30. * IndiGo aims to solidify its domestic le...
Neutral InterGlobe Aviation Ltd For Target Rs. 4970 By Motilal Oswal Financial Services Ltd
Neutral InterGlobe Aviation Ltd For Target Rs. 4970 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-09-18 05:08:34 pm
Buy InterGlobe Aviation Ltd. For Target Rs. 5,300 By Emkay Global Financial Services Indigo logged a sizable >60% beat to our earnings estimate in Q1FY25, driven by receipt of higher-than-expected P&W claim, 1% YoY uptick in yield at Rs5.24 (2% beat), and 4% lower than expected CASK ex-fuel & forex. ASK grew 11% YoY to 36.3bn (1% miss), as Indigo ended Jun-24 with fleet size of 382 vs. 367 QoQ. Load factors stood at 86.7%, missing our estimate by 90bps, while RPK came at a 2% miss. The mgmt lowered guidance of ASK growth for Q2 to a high single digit, while that fo...
Buy InterGlobe Aviation Ltd. For Target Rs. 5,300 By Emkay Global Financial Services
Buy InterGlobe Aviation Ltd. For Target Rs. 5,300 By Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
2024-08-15 06:09:50 pm
IndiGo gains on collaborating with RECARO Aircraft Seating Interglobe Aviation is currently trading at Rs. 4291.15, up by 65.90 points or 1.56% from its previous closing of Rs. 4225.25 on the BSE. The scrip opened at Rs. 4262.10 and has touched a high and low of Rs. 4328.40 and Rs. 4262.10 respectively. So far 8439 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4610.00 on 10-Jun-2024 and a 52 week low of Rs. 2334.95 on 28-Sep-2023. Last one week high and low of the sc...
IndiGo gains on collaborating with RECARO Aircraft Seating
IndiGo gains on collaborating with RECARO Aircraft Seating
Source: Accord Fintech
2024-08-06 11:23:44 am
Neutral InterGlobe Aviation Ltd For Target Rs.4,420 By Motilal Oswal Financial Services Capacity guidance and outlook remain intact  *  InterGlobe Aviation (INDIGO) reported an EBITDA growth of 4% YoY to INR51.5b in 1QFY25, while PAT declined 12% YoY to INR27.3b (vs. our est. of INR15.7b). Revenue passenger kilometers (RPK) was 31.5b. The passenger load factor (PLF) was 86.8% with available seat kilometers (ASK) at 36.3b (est. of 35.5b) and yield at INR5.24 (vs. est. of INR4.72, +1% YoY) in 1QFY25. *  Currently, INDIGO’s ~70+ aircraft are grounded...
Neutral InterGlobe Aviation Ltd For Target Rs.4,420 By Motilal Oswal Financial Services
Neutral InterGlobe Aviation Ltd For Target Rs.4,420 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
2024-08-03 04:55:03 pm
Buy InterGlobe Aviation Ltd. For Target Rs.4,903 - Geojit Financial Services Ltd Strong earnings beat...network expansion to accelerate InterGlobe Aviation Ltd. (Indigo) is one of the most efficient low cost air carriers (LCCs) with a market share of 54% in the Indian aviation sector. • Q4FY24 revenue grew by 26% YoY, beat expectations, propelled by 14% YoY surge in passengers and strong pricing environment amid capacity constraints. • Healthy demand from leisure and corporate travel continues to aid revenue growth, Avg. aircraft utilization was healthy at ~8...
Buy InterGlobe Aviation Ltd. For Target Rs.4,903 - Geojit Financial Services Ltd
Buy InterGlobe Aviation Ltd. For Target Rs.4,903 - Geojit Financial Services Ltd
Source: Geojit Financial Services
2024-06-17 11:58:34 am
Neutral InterGlobe Aviation Ltd For Target Rs.3,510 - Motilal Oswal Financial Services Sky is the limit * The Indian aviation market is highly underpenetrated currently, which provides huge room for growth for domestic players. This growth trajectory will be aided by increasing airport infrastructure and capacity additions in terms of aircraft orders, which could make India the third-largest aviation market in the world by CY35. * INDIGO highlighted its three-pillar strategy for growth: affordable fares, lower cancellations and on-time performance. It also seeks to enhan...
Neutral InterGlobe Aviation Ltd For Target Rs.3,510 - Motilal Oswal Financial Services
Neutral InterGlobe Aviation Ltd For Target Rs.3,510 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2024-05-29 12:16:41 pm
Neutral InterGlobe Aviation Ltd For Target Rs.3300 By Motilal Oswal Financial Services Outperforms expectations in a seasonally strong quarter *IndiGo reported a PAT of INR30b (vs. our estimate of INR24.6b) in 3QFY24, aided by lower-than-expected operating and fuel costs. Revenue passenger kilometers (RPK) came in at 31.3b. Passenger load factor (PLF) was at 85.8%, with available seat kilometers (ASK) of 36.5b (est. 35.5b) and yield at INR5.5 (est. INR5.3). * According to our airfare tracker, the 30-day domestic forward prices for IndiGo are down 24% QoQ and the 15-day pr...
Neutral InterGlobe Aviation Ltd For Target Rs.3300 By Motilal Oswal Financial Services
Neutral InterGlobe Aviation Ltd For Target Rs.3300 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2024-05-04 11:51:47 am
Add InterGlobe Aviation Ltd. For Target Rs.: 3,500 - Emkay Global Indigo posted stellar >2x growth YoY in net earnings at Rs30bn in Q3FY24, a sizeable beat to our est., led by higher yields at Rs5.48, up 2% YoY. ASKs grew 27% YoY to 36.5bn (1% beat), as Indigo ended Dec-23 with a fleet size of 358 vs. 334 QoQ. Load factors were 130bps below est. at 85.8%; while RPK came in-line. Mgmt. has guided for Q4/FY24 capacity growth of 12%/>20% YoY; while AOG situation aggravated in Jan-24 to mid-70s, from high-40s in Q3 (total 136 aircraft on P&W engines) ...
Add InterGlobe Aviation Ltd. For Target Rs.: 3,500 - Emkay Global
Add InterGlobe Aviation Ltd. For Target Rs.: 3,500 - Emkay Global
Source: Emkay Global
2024-05-01 09:26:21 am
IndiGo flies on commencing operations from Agatti InterGlobe Aviation is currently trading at Rs. 3587.20, up by 39.15 points or 1.10% from its previous closing of Rs. 3548.05 on the BSE. The scrip opened at Rs. 3608.55 and has touched a high and low of Rs. 3648.50 and Rs. 3579.05 respectively. So far 14404 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3,648.50 on 02-Apr-2024 and a 52 week low of Rs. 1865.70 on 12-Apr-2023. Last one week high and low of the ...
IndiGo flies on commencing operations from Agatti
IndiGo flies on commencing operations from Agatti
Source: Accord Fintech
2024-04-02 12:03:54 pm
IndiGo flies high on unveiling new direct flights between Mumbai - Colombo Interglobe Aviation is currently trading at Rs. 3159.05, up by 46.80 points or 1.50% from its previous closing of Rs. 3112.25 on the BSE. The scrip opened at Rs. 3090.05 and has touched a high and low of Rs. 3186.45 and Rs. 3082.00 respectively. So far 16904 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3318.40 on 12-Mar-2024 and a 52 week low of Rs. 1810.45 on 28-Mar-2023. Last one week high and low of the s...
IndiGo flies high on unveiling new direct flights between Mumbai - Colombo
IndiGo flies high on unveiling new direct flights between Mumbai - Colombo
Source: Accord Fintech
2024-03-14 03:36:13 pm
IndiGo rises on unveiling new direct flights between Chandigarh-Dharamshala Interglobe Aviation is currently trading at Rs. 3257.00, up by 42.75 points or 1.33% from its previous closing of Rs. 3214.25 on the BSE. The scrip opened at Rs. 3218.55 and has touched a high and low of Rs. 3288.00 and Rs. 3195.90 respectively. So far 42073 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3301.40 on 05-Feb-2024 and a 52 week low of Rs. 1810.45 on 28-Mar-2023. Last one week high and low of the s...
IndiGo rises on unveiling new direct flights between Chandigarh-Dharamshala
IndiGo rises on unveiling new direct flights between Chandigarh-Dharamshala
Source: Accord Fintech
2024-03-12 12:24:04 pm
Buy InterGlobe Aviation Ltd For Target Rs. 3,005 - Elara Capital   Higher airfare, but medium-term difficult Q3 PAT at INR 30.4bn, up 52% YoY InterGlobe Aviation (INDIGO IN) adjusted PAT was at INR 30.4bn in Q3FY24 vs our estimates of INR 16.8bn against INR 8.1bn in Q2FY24 and INR 20.1bn in Q3FY23. This was based on: 1) 23% YoY passenger volume growth, 2) an 68bp passenger load factor rise to 85.8%, and 3) 7% YoY decline in unit...
Buy InterGlobe Aviation Ltd For Target Rs. 3,005 - Elara Capital
Buy InterGlobe Aviation Ltd For Target Rs. 3,005 - Elara Capital
Source: Elara Capital
2024-02-22 03:07:44 pm
IndiGo flies high on entering into finance lease transaction with BOC Aviation Interglobe Aviation is currently trading at Rs. 3057.05, up by 15.20 points or 0.50% from its previous closing of Rs. 3041.85 on the BSE. The scrip opened at Rs. 3046.25 and has touched a high and low of Rs. 3062.10 and Rs. 3012.20 respectively. So far 59157 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3301.40 on 05-Feb-2024 and a 52 week low of Rs. 1810.45 on 28-Mar-2023. Last one week high and low of the s...
IndiGo flies high on entering into finance lease transaction with BOC Aviation
IndiGo flies high on entering into finance lease transaction with BOC Aviation
Source: Accord Fintech
2024-02-14 01:32:10 pm
Tata Motors jumps 7% after results The global construct for equity markets continues to be good with the US doing well aided by a surprisingly strong economy, says V.K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services. The latest data on job creation in January has again surprised with the addition of 3,53,000 jobs. There are no signs of the US economy tipping into a mild recession any time soon. This means that the Fed rate cuts expected this year are likely to be back-loaded. This has pushed up th...
Tata Motors jumps 7% after results
Tata Motors jumps 7% after results
Source: IANS
2024-02-05 11:32:32 am
Interglobe Aviation soars on reporting over 2-fold jump in Q3 consolidated net profit Interglobe Aviation is currently trading at Rs. 3201.65, up by 74.65 points or 2.39% from its previous closing of Rs. 3127.00 on the BSE. The scrip opened at Rs. 3219.95 and has touched a high and low of Rs. 3301.40 and Rs. 3198.65 respectively. So far 34200 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3,301.40 on 05-Feb-2024 and a 52 week low of Rs. 1810.45 on 28-Mar-2023. Last one week high and low of the ...
Interglobe Aviation soars on reporting over 2-fold jump in Q3 consolidated net profit
Interglobe Aviation soars on reporting over 2-fold jump in Q3 consolidated net profit
Source: Accord Fintech
2024-02-05 10:51:59 am
Aviation stocks trade mixed post budget announcement Aviation stocks are trading mixed after Finance Minister announced that Indian carriers have proactively placed orders for over 1,000 new aircraft. Interglobe Aviation is currently trading at Rs. 2999.20, up by 38.25 points or 1.29% from its previous closing of Rs. 2960.95 on the BSE. The scrip opened at Rs. 2989.55 and has touched a high and low of Rs. 3058.00 and Rs. 2971.60 respectively. So far 20645 shares were traded on the counter. SpiceJet is currently trading at Rs. 64.40, down ...
Aviation stocks trade mixed post budget announcement
Aviation stocks trade mixed post budget announcement
Source: Accord Fintech
2024-02-01 01:03:25 pm
IndiGo flies high on reporting passenger load factor of 90.7% in December Interglobe Aviation is currently trading at Rs. 3057.25, up by 8.20 points or 0.27% from its previous closing of Rs. 3049.05 on the BSE. The scrip opened at Rs. 3029.90 and has touched a high and low of Rs. 3080.00 and Rs. 2993.90 respectively. So far 11740 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3131.95 on 16-Jan-2024 and a 52 week low of Rs. 1810.45 on 28-Mar-2023. Last one week high and low of the sc...
IndiGo flies high on reporting passenger load factor of 90.7% in December
IndiGo flies high on reporting passenger load factor of 90.7% in December
Source: Accord Fintech
2024-01-17 03:31:50 pm
Neutral InterGlobe Aviation Ltd For Target Rs.2,800 - Motilal Oswal Financial Services Ltd International expansion to provide runway for growth We met with InterGlobe Aviation’s (IndiGo) management at the company’s office in Gurugram on 7th Dec’23. Here are the key highlights: ? The management noted that domestic demand has not peaked yet despite it being flat in the past couple of months as MoM data is not comparable. After Diwali, operations have normalized, with average yields expected to be flat YoY in 3QFY24. ? IndiGo is the seventh largest airline i...
Neutral InterGlobe Aviation Ltd For Target Rs.2,800 - Motilal Oswal Financial Services Ltd
Neutral InterGlobe Aviation Ltd For Target Rs.2,800 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-01-01 10:58:53 am
Neutral InterGlobe Aviation Ltd For Target Rs.2,800 - Motilal Oswal Financial Services Ltd Profitability continues despite seasonality * InterGlobe Aviation (IndiGo) posted a PAT of INR1.9b (v/s our estimated net loss of INR9.6b) in 2QFY24 driven by lower-than-expected fuel costs and supplementary rentals. Revenue passenger kilometers (RPK) were at 29.4b. Passenger load factor (PLF) was at 83.3% with available seat kilometers (ASK) of 35.3b (est. of 34.3b) and yield of INR4.4 (v/s est. of INR4.3) in 2QFY24. * Supplemental rentals were down QoQ due to provisions of a reversal ...
Neutral InterGlobe Aviation Ltd For Target Rs.2,800 - Motilal Oswal Financial Services Ltd
Neutral InterGlobe Aviation Ltd For Target Rs.2,800 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2023-12-11 03:36:39 pm
IndiGo gains on commencing operations to and from Gondia Interglobe Aviation is currently trading at Rs. 2840.00, up by 21.20 points or 0.75% from its previous closing of Rs. 2818.80 on the BSE. The scrip opened at Rs. 2825.00 and has touched a high and low of Rs. 2849.00 and Rs. 2809.50 respectively. So far 1868 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2860.00 on 04-Dec-2023 and a 52 week low of Rs. 1810.45 on 28-Mar-2023. Last one week high and low of the sc...
IndiGo gains on commencing operations to and from Gondia
IndiGo gains on commencing operations to and from Gondia
Source: Accord Fintech
2023-12-05 10:44:28 am
Neutral InterGlobe Aviation Ltd For Target Rs2,800 - Motilal Oswal Financial Services Profitability continues despite seasonality * InterGlobe Aviation (IndiGo) posted a PAT of INR1.9b (v/s our estimated net loss of INR9.6b) in 2QFY24 driven by lower-than-expected fuel costs and supplementary rentals. Revenue passenger kilometers (RPK) were at 29.4b. Passenger load factor (PLF) was at 83.3% with available seat kilometers (ASK) of 35.3b (est. of 34.3b) and yield of INR4.4 (v/s est. of INR4.3) in 2QFY24. * Supplemental rentals were down QoQ due to provisions of a reversal ...
Neutral InterGlobe Aviation Ltd For Target Rs2,800 - Motilal Oswal Financial Services
Neutral InterGlobe Aviation Ltd For Target Rs2,800 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2023-11-29 11:38:52 am
IndiGo rises on signing MoU with Noida International Airport Interglobe Aviation is currently trading at Rs. 2606.95, up by 38.10 points or 1.48% from its previous closing of Rs. 2568.85 on the BSE. The scrip opened at Rs. 2593.95 and has touched a high and low of Rs. 2606.95 and Rs. 2572.40 respectively. So far 11303 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2745.95 on 13-Jul-2023 and a 52 week low of Rs. 1810.45 on 28-Mar-2023. Last one week high and low of the s...
IndiGo rises on signing MoU with Noida International Airport
IndiGo rises on signing MoU with Noida International Airport
Source: Accord Fintech
2023-11-28 02:00:18 pm
Large Cap : Buy InterGlobe Aviation Ltd For Target Rs.3,008 - Geojit Financial Strong performance…engine issues key monitorable InterGlobe Aviation Ltd. (Indigo) is one of the most efficient low cost air carriers (LCCs) with a market share of 54% in the Indian aviation sector. • Q2FY24 revenue grew by 20% YoY, inline with expectations, propelled by 34% YoY surge in passengers, defying historical Q2 softness. • Healthy demand from leisure and corporate travel continues to aid revenue growth, Avg. aircraft utilization was healthy at ~83.3%. &b...
Large Cap : Buy InterGlobe Aviation Ltd For Target Rs.3,008 - Geojit Financial
Large Cap : Buy InterGlobe Aviation Ltd For Target Rs.3,008 - Geojit Financial
Source: Geojit Financial Services Ltd
2023-11-21 03:51:02 pm
IndiGo flies high on expanding codeshare connections to Helsinki, Stockholm, Oslo Interglobe Aviation is currently trading at Rs. 2634.65, up by 27.00 points or 1.04% from its previous closing of Rs. 2607.65 on the BSE. The scrip opened at Rs. 2619.95 and has touched a high and low of Rs. 2647.00 and Rs. 2592.00 respectively. So far 12460 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2745.95 on 13-Jul-2023 and a 52 week low of Rs. 1750.50 on 18-Nov-2022. Last one week high and low of the s...
IndiGo flies high on expanding codeshare connections to Helsinki, Stockholm, Oslo
IndiGo flies high on expanding codeshare connections to Helsinki, Stockholm, Oslo
Source: Accord Fintech
2023-11-20 11:33:53 am
Buy InterGlobe Aviation Ltd For Target Rs3,100 - Emkay Global Financial Services PAT-beat surprise in an exacting Qtr from lower opex Indigo reported surprise profits in Q2FY24 at Rs1.9bn (SA) (Street/Emkay: net loss of Rs2.3/11.1bn). Revenue beat estimates by 3%, driven by 3%/4% higher RPK/ASK at 29.4/35.3bn (fleet size expanded QoQ to 334 vs 316), besides a rise in claims, etc. Adj. SA EBITDA of Rs26.6bn was 61% above estimate due to 9%/11%/17% lower employee cost/airport fee/supplementary rentals. Yield/RASK fell 14%/17% QoQ to Rs4.44/4.25, at 1% below estimate. Mgm...
Buy InterGlobe Aviation Ltd For Target Rs3,100 - Emkay Global Financial Services
Buy InterGlobe Aviation Ltd For Target Rs3,100 - Emkay Global Financial Services
Source: Emkay Global Financial Services
2023-11-16 02:57:19 pm
India to get electric air taxis in 2026 via InterGlobe, Archer venture InterGlobe Enterprises, which backs India's top airline IndiGo, and U.S.-based Archer Aviation will launch an all-electric air taxi service in India in 2026 that will be "cost-competitive" with on-road services, the companies said Thursday. The partnership, should they get regulatory clearances, aims to capitalise on a growing need for transport solutions in the world's most populous country that is battling severe ground travel congestion and pollution in its main cities...
India to get electric air taxis in 2026 via InterGlobe, Archer venture
India to get electric air taxis in 2026 via InterGlobe, Archer venture
Source: Reuters
2023-11-10 09:18:38 am
IndiGo trades higher on commencing operations from Jharsuguda Interglobe Aviation is currently trading at Rs. 2596.10, up by 19.85 points or 0.77% from its previous closing of Rs. 2576.25 on the BSE. The scrip opened at Rs. 2580.00 and has touched a high and low of Rs. 2608.00 and Rs. 2580.00 respectively. So far 9610 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2745.95 on 13-Jul-2023 and a 52 week low of Rs. 1676.00 on 09-Nov-2022. Last one week high and low of the sc...
IndiGo trades higher on commencing operations from Jharsuguda
IndiGo trades higher on commencing operations from Jharsuguda
Source: Accord Fintech
2023-11-09 12:51:24 pm
Buy InterGlobe Aviation Ltd For Target Rs3,000 - Emkay Global Financial Services Indigo displayed its dominant position and pricing prowess by introducing fuel charge to counter rising ATF costs, resulting in 8-12% fare hikes, on average. While competition has not followed suit so far, we observe that fares for key airlines, viz. Indigo, Air India and Vistara, remain in a +/-10% or Rs200-300 tolerance band for key sample routes, for many of which Indigo still offers the cheapest fares. We foresee the fuel charge improving Indigo?s theoretical yields by ~10% QoQ in Q...
Buy InterGlobe Aviation Ltd For Target Rs3,000 - Emkay Global Financial Services
Buy InterGlobe Aviation Ltd For Target Rs3,000 - Emkay Global Financial Services
Source: Emkay Global Financial Services
2023-10-17 01:00:35 pm
Stock of the day : Indigo Ltd For Target Rs.2620 - Religare Broking Ltd Indigo Ltd* Indigo has been trading in a corrective phase, after making a new record high at 2745.10 in July 2023. * It has formed a base in the last three weeks and looks set to resume the uptrend. * It has also reclaimed the medium-term moving average(100 EMA), adding to the positivity. * We thus recommend creating fresh longs in the mentioned range.Buy ITC Limited   CMP 2473.40; Range 2470-2480; SL 2400; Target 2620Please refer disclaimer at https://www.r...
Stock of the day : Indigo Ltd For Target Rs.2620 - Religare Broking Ltd
Stock of the day : Indigo Ltd For Target Rs.2620 - Religare Broking Ltd
Source: Religare Broking Ltd
2023-10-06 10:15:18 am
Buy InterGlobe Aviation Ltd For Target Rs3,000 - Emkay Global Financial Services The Pratt & Whitney (P&W) engine issues have aggravated, with parent company RTX Corporation expecting over 3,000 engine recalls for inspection (vs. earlier est. of over 1,200 engines). We estimate incremental impact on Indigo, under a worst-case scenario, to be 20-25 more aircraft on ground (AOG) at a time, on an average, for the next 3-4 years, from ~40 as of end of Jun-23. This implies ~20% total AOG on Indigo?s current fleet size. As per media reports, Indigo plans to add 20...
Buy InterGlobe Aviation Ltd For Target Rs3,000 - Emkay Global Financial Services
Buy InterGlobe Aviation Ltd For Target Rs3,000 - Emkay Global Financial Services
Source: Emkay Global Financial Services
2023-09-15 03:38:43pm